World markets are thrown into tumult by the current credit crisis affecting equity and property markets alike. But countries like Brazil seem to be above these woes.
United Kingdom of Great Britain & N. Ireland (Press Release) October 3, 2007 --
During the current market crisis world real estate markets are showing signs of slowing down and maybe even of collapsing. In the US Ben Bernanke talks of a 'severe housing market correction', French house prices are falling and the Spanish construction bubble are bursting. In the UK prices fell by 2.6% last month. In the meantime, properties in Brazil are experiencing growth of 20% per year.
The fall in the Eurozone and US markets are attributed to the tightening of the availability of credit. In the UK alone mortgage lending fell by 6% in August.
While the Eurozone and US real estate markets inspires us to cash in our chips and hide all the money under the mattress, Brazil (and other BRIC economies) is said to 'roar onwards with vigour'.
But why would Brazil grow while other markets are slowing down?
Brazil has never seen the sophistication of credit and mortgage markets that is causing grief in the world markets. 22% of the Brazilian population has a mortgage in comparison with 70% in the USA and Europe, according to the daily telegraph.
Brazil has fast developed into a sound economy set for growth and encourages foreign investment. A combination of a stable economy, falling interest rates and rising tourism are among the factors that are attracting investors in increasing numbers to the real estate market of Brazil.
Learn more about investing in Brazil by attending a focused 'Invest in Brazil' property seminar held by Alexander Richards on 11 October 2007.
The fall in the Eurozone and US markets are attributed to the tightening of the availability of credit. In the UK alone mortgage lending fell by 6% in August.
While the Eurozone and US real estate markets inspires us to cash in our chips and hide all the money under the mattress, Brazil (and other BRIC economies) is said to 'roar onwards with vigour'.
But why would Brazil grow while other markets are slowing down?
Brazil has never seen the sophistication of credit and mortgage markets that is causing grief in the world markets. 22% of the Brazilian population has a mortgage in comparison with 70% in the USA and Europe, according to the daily telegraph.
Brazil has fast developed into a sound economy set for growth and encourages foreign investment. A combination of a stable economy, falling interest rates and rising tourism are among the factors that are attracting investors in increasing numbers to the real estate market of Brazil.
Learn more about investing in Brazil by attending a focused 'Invest in Brazil' property seminar held by Alexander Richards on 11 October 2007.
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